What is Bonk (BONK)?
BONK is a memecoin introduced to the Solana community via airdrop in December 2022, marking its entry into the burgeoning field of digital currencies with humor at its core. Initially unveiled with minimal details and a succinct whitepaper, BONK's primary objective was to offer a reliable payment settlement method. Unlike its contemporaries, BONK distinguishes itself by carving a niche within the Solana blockchain ecosystem, ensuring its utility transcends mere novelty. It has been seamlessly integrated into an array of decentralized applications (dApps) and games on the Solana network, further establishing its presence by linking with several Solana-based NFT collections, including BONKZ. This development trajectory mirrors the memecoin phenomenon spearheaded by predecessors like Dogecoin and Shiba Inu, yet BONK's integration within the Solana ecosystem underscores a unique blend of humor and utility, fostering a distinct identity in the crowded cryptocurrency landscape.
How to buy Bonk (BONK)?
Here's how to buy Bonk on Coinsquare
To buy Bonk, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying BONK. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select BONK from the list on the trade section
Coinsquare lets you trade BONK without leaving the app. You can also check the Bonk price and convert BONK to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the BONK price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy Bonk (BONK)
Congratulations! You’re now the proud owner of BONK. You can either HODL or use it to exchange BONK to CAD.
Where do I keep my Bonk (BONK)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.
Ready to add Bonk (BONK) to your portfolio?
Create your account, fund it with spare change and get a little bit of BONK.
